Cannabis Lighting Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The cannabis lighting market is expected to grow at a CAGR of 7.6% over the forecast period. The cannabis market has been driven by an increase in interest in the medical use of cannabis for patient treatment, accompanied by a scientific interest in the medical use of cannabis plants. As a result, growing indoor cannabis has experienced a positive impact, driving the cannabis lighting business. For example, the NHS in England authorized two cannabis-based medicines to treat epilepsy and multiple sclerosis.
Key HighlightsThe cannabis lighting market is developing with the increasing legalization in the region and the growing cultivation of cannabis. The vendors of the cannabis lighting market partner with major commercial enterprises and research institutions to understand how light can be used to optimize crop production and how lighting efficiency can be better managed in the greenhouse and growth chambers. They also concentrate on product launches to gain a competitive advantage. A few recent developments are:
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